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News Articles: Economy

GPB  NPR

Tagged as: 

  • Music

Local economies are getting a boost from Taylor Swift and Beyoncé concerts

NPR's Sacha Pfeiffer asks economist Mara Klaunig about the economic effects on local communities of concerts like Taylor Swift's or Beyoncé's.

July 17, 2023
|
By:
  • Sacha Pfeiffer,
  • Hiba Ahmad,
  • and 1 more
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, July 17, 2023. Asian shares were mostly lower on Monday after China reported weaker growth than forecast in the last quarter.

Tagged as: 

  • Asia

China's second quarter GDP figures show a faltering post-COVID economic recovery

The disappointing numbers come amid dropping property sales, weak exports and a stagnant retail environment in the world's second-biggest economy.

July 17, 2023
|
By:
  • Emily Feng
The U.S. budget deficit ballooned in the first nine months of its fiscal year, both because of a sharp increase in government spending and a significant drop in tax revenues.

Tagged as: 

  • Politics

The federal deficit nearly tripled, raising concern about the country's finances

The federal government's budget gap widened significantly in the first nine months of the fiscal year, as tax receipts slumped and spending increased.

July 14, 2023
|
By:
  • Scott Horsley
GPB  NPR

Tagged as: 

  • National

The latest in Phoenix's efforts to remove biggest homeless encampment after lawsuit

A lawsuit required Phoenix officials to show they've making progress clearing the city's largest homeless encampment. Businesses and homeless people have differing opinions.

July 13, 2023
|
By:
  • Kirsten Dorman
President Biden arrives at a political rally in Philadelphia on June 17. He has increasingly cast his climate program as a jobs program as his reelection campaign heats up.

Tagged as: 

  • Elections

Biden frames his clean energy plan as a jobs plan, obscuring his record on climate

President Biden's Inflation Reduction Act invests $369 billion to address the climate crisis. But as the president focuses on the law's economic benefits, is his climate win getting lost?

July 13, 2023
|
By:
  • Eric McDaniel
A person pumps gas at a BP gas station in Brooklyn, N.Y., on June 12. Annual inflation eased to 3% in June, the lowest in over two years, and there's hope that it could go lower.

Tagged as: 

  • Economy

Why inflation is losing its punch — and why things could get even better

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

July 13, 2023
|
By:
  • Scott Horsley
The Pinova plastic resin manufacturing plant in Brunswick, Georgia caught on fire on Saturday April 15, 2023. A mandatory evacuation was ordered for everyone within a 0.5 mile radius from the plant.

Tagged as: 

  • Business

Brunswick job fair planned for laid-off Pinova workers, following April fire at company's factory

As Pinova closes operations, many former and current employees are looking for new work.

July 12, 2023
|
By:
  • Benjamin Payne
GPB  NPR

Tagged as: 

  • Business

New government figures show that inflation is easing

New numbers out Wednesday are expected to show the inflation rate in June was just over 3%. That's a big improvement from this time last year, when inflation topped 9%.

July 12, 2023
|
By:
  • Michel Martin and
  • Scott Horsley
Many back-to-school shoppers are relying on sales to save money, especially as inflation continues to strain people's wallets.

Tagged as: 

  • Business

It's back-to-school shopping time, and everyone wants a bargain

Spending on back-to-school supplies is predicted to decline this year, for the first time since 2014. With inflation top of mind, parents and teachers are looking for ways to save money.

July 12, 2023
|
By:
  • Erin Kenney
Negotiations between UPS and the union representing the company's workers broke down last week with each side blaming the other for walking away from talks.

Tagged as: 

  • Business

How a UPS strike could disrupt deliveries and roil the package delivery business

A strike by UPS workers would likely mean package delays for consumers across the country and it would shake up an increasingly competitive industry.

July 12, 2023
|
By:
  • Danielle Kaye

Tagged as: 

  • Weather

Should we invest more in weather forecasting? It may save your life

Over the last century, we've seen a huge improvement in the accuracy of weather forecasts. A new study suggests these better forecasts have tremendous value for our lives and our economy.

July 11, 2023
|
By:
  • Greg Rosalsky
GPB  NPR

Tagged as: 

  • Economy

For the second consecutive month Black unemployment has increased

NPR's Michel Martin speaks with Kate Bahn of the Urban Institute about what's been driving the recent increase in unemployment among Black workers in the U.S.

July 10, 2023
|
By:
  • GPB Newsroom
GPB  NPR

Tagged as: 

  • Politics

'Bidenomics' is everywhere. Here's what it could mean for the election

President Biden is trying to get credit for the economy by embracing the slogan of "Bidenomics" to describe his spending plans and the strong jobs market. But voters are skeptical.

July 08, 2023
|
By:
  • Scott Simon and
  • Eric McDaniel
A 'Now Hiring' sign is displayed outside a check cashing shop in Los Angeles on June 2, 2023. Employers added 209,000 jobs last month, slowing down from previous months but still marking respectable growth.

Tagged as: 

  • Economy

The job market is cooling but still surprisingly strong. Is that a good thing?

U.S. employers added 209,000 jobs in June. That's a solid number, but fewer than the month before. Here are the 5 things we took away from the report.

July 07, 2023
|
By:
  • Scott Horsley
Deandrea Rahming was apprehensive about going back to work after more than a decade out of the job market, but in the wake of the pandemic she found employers eager to hire.

Tagged as: 

  • Economy

Women are returning to the job market in droves, just when the U.S. needs them most

The pandemic was hard on working women, but they've come roaring back into the labor force. The share of working-age women who have jobs or want one hit an all-time high in June.

July 07, 2023
|
By:
  • Scott Horsley
  • Load More

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